Euro rises broadly today as supported by improvement in investor sentiment, but Sterling and Swiss Franc are lagging behind. Canadian Dollar also follows oil price high, as China appears to be moving further towards reopening. Australian Dollar is also firm. But Yen and Dollar are on the weaker side on positive market sentiment. Technically, while Euro does strengthen, the momentum is not too convincing yet. For now, EUR/CHF's rise from 0.9720 still looks more like a corrective move, as the second leg of the pattern from 0.9953. The cross will need to take out 0.9953 resistance decisively to confirm the underlying bullishness in Euro. In Europe, at the time of writing, FTSE is up 0.30%. DAX is down -0.51%. CAC is down -0.57%. Germany 10-year yield is down -0.001 at 1.853. Earlier in Asia, Nikkei rose 0.15%. Hong Kong HSI rose 4.51%. China Shanghai SSE rose 1.76%. Singapore Strait Times rose 0.26%. Japan 10-year JGB yield rose 0.0064 to 0.258. |